From the NY Post:
Hiring and spending freezes have been ordered at the MTA in a drastic effort to "conserve cash," the agency said...
The MTA "is facing deficits for the remainder of the year and beyond as a direct result" of the poor economy, CEO Elliot Sander wrote in a memo to his senior staff.
Sander instructed them to not hire any new employees, not increase overtime hours, make use of "excess employees," and only make "essential" purchases, he wrote.
Wow, he's ordering the MTA to not waste money! Maybe if they had been frugal all along, they wouldn't be in a crisis right now.